Becker's Healthcare September 12, 2023
Cerner is facing some “near-term headwinds” as its parent company Oracle looks to move the EHR vendor to the cloud.
“This transition is resulting in some near-term headwinds to the Cerner growth rate as customers move from licensed purchases, which are recognized upfront, to cloud subscriptions, which are recognized relatively,” Oracle CEO Safra Catz said in a Sept. 11 earnings call.
Larry Ellison, chief technology officer, said Oracle is working on getting Cerner to the same operating margin as Oracle.
Currently, the company is...
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